Exploration

The 2016 edition of BNEF's long-term forecast expects US$11.4 trillion investment in global power generation capacity over 25 yrs, with electric vehicles boosting electricity demand by 8% in 2040.

The company has used production revenues to buy a stake in PEDL182 incorporating the Broughton North Prospect.

Beach Energy Ltd has reported the appointment of Mr Morné Engelbrecht as its Chief Financial Officer.

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7220/11-3 AR, cf. Section 8 of the Resource Management Regulations.

The cash injection in to the company’s drilling programme in Colorado will allow the field to be explored more extensively.

This summer, the NPD will continue to acquire geological samples and deep-sea minerals in the Norwegian Sea.

The platform deck for the Ivar Aasen project is now on its way to Norway after sailaway from the yard area in Singapore.

Independent Oil and Gas plc has announced that the appraisal well on the Skipper oil discovery which lies in Block 9/21a in licence P1609 in the Northern North Sea, is scheduled to be drilled in July 2016.

The exploration well was commenced offshore the Shimane and Yamaguchi prefectures.

Tullow Oil Norge AS (TONAS) has received consent to drill an exploration well in block 16/5.

JV of Rosneft and Statoil ASA have started drilling the exploration well in the Sea of Okhotsk.

Statoil has, on behalf of the Johan Sverdrup licence, awarded Rosenberg WorleyParsons AS a contract for fabrication of three bridges and two flare towers.

On 1 June 2016, Statoil agreed to acquire JX Nippon’s 45% equity share in, and operatorship of, the UK licence for the Utgard field.

Technip has been awarded a major contract to develop the Bahr Essalam, Phase II development in the Central Mediterranean Sea.

SapuraKencana Energy has announced another significant gas discovery from its three wells 2015 drilling campaign within the Block SK408 Production Sharing Contract area.